Securities Industry Association Sees NYSE Merger As Regulatory Reform Opportunity

Marc Lackritz, President of the Securities Industry Association (SIA), congratulated the New York Stock Exchange (NYSE) on the vote by its members to approve its merger with Archipelago Holdings Inc., noting it has implications for both the business side and regulatory side of the exchange.

“This is an important step towards ensuring the NYSE remains a powerful market center with the technology, liquidity and depth necessary to compete with other market-making exchanges across the globe,” said Lackritz. “Today’s vote also represents an opportunity to reduce regulatory duplication between the NYSE and NASD, eliminating inefficiencies that consume time, energy and money and which inhibit innovation and growth.”